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Suppose you deposit $1,000 in a savings account that pays interest at an annual rate of 4%. If no money is added or withdrawn from the account, answer the following questions a.…

Suppose you deposit $1,000 in a savings account that pays interest at an annual rate of 4%. If no money is added or withdrawn from the account, answer the following questions a.…
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Suppose you deposit $1,000 in a savings account that pays interest at an annual rate of 4%. If no money is added or withdrawn from the account, answer the following questions

a. How much will be in the account after 4 years?

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User Wu
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1 Answer

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Answer:4% per year is 40 dollars times 4 years is 160 dollars added to the thousand you started with gives you 1160 dollars.

Explanation:

answered
User Donnie
by
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